Shares of Honeywell Automation India, a leading provider of integrated automation and software solutions, rose over 18% in the afternoon session on Thursday after the firm announced its Q4 earnings and declared a dividend of Rs 110 per share. Brokerage JM Financial upgraded its rating to "buy" with a price target of Rs 44,000 apiece, signaling an upside of 45.8% from its previous close. The stock trades at 34 times its FY28 estimated price-to-earnings ratio, the lowest among its automation peers, said the brokerage. 

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 15.2% to Rs 184.1 crore in Q4 from Rs 159.8 crore last year. EBITDA margin expanded to 15.6% from 13.44% in the year-ago period.

Honeywell Automation shares zoomed 18.55% to Rs 35,769.55 against the previous close of Rs 30,172.35. Market cap of the firm rose to Rs 31,033 crore. 

Net profit rose 14.15% to Rs 159.7 crore against Rs 139.9 crore a year ago. 

Total revenue rose 6% to a record Rs 1228.2 crore in Q4 against Rs 1161.1 crore a year ago. 

"The Board of Directors at its meeting held today has also recommended final dividend of Rs. 110 /- (Rupees One Hundred and Ten Only) per Equity Share, i.e. at the rate of 1,100% of the face value of Rs. 10/- each for the Financial Year ended on March 31, 2026, subject to approval of shareholders at the ensuing Annual General Meeting of the Company," said the firm.

Honeywell Automation India Limited (HAIL) is a key player in the industrial automation and control systems sector. The company provides a range of technologies and solutions aimed at improving productivity, safety, and sustainability across various industries, including oil and gas, refining, chemicals, life sciences, and building management. It operates as a subsidiary of Honeywell International Inc., a global technology leader.